Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) Trading Down 0.1% – Here’s What Happened

Eaton Vance Floating Rate ETF (NYSEARCA:EVLN) traded down 0.1% during trading on Thursday . The company traded as low as $48.65 and last traded at $48.69. 71,519 shares were traded during trading, an increase of 4% from the average session volume of 68,503 shares. The stock had previously closed at $48.72.

Eaton Vance Floating Rate ETF Stock Down 0.0%

The stock has a 50 day moving average of $48.81 and a two-hundred day moving average of $48.87.

Hedge Funds Weigh In On Eaton Vance Floating Rate ETF

A number of institutional investors have recently modified their holdings of EVLN. Ameriprise Financial Inc. acquired a new stake in shares of Eaton Vance Floating Rate ETF in the third quarter worth $27,435,000. Flow Traders U.S. LLC acquired a new position in Eaton Vance Floating Rate ETF in the 3rd quarter valued at $1,174,000. Finally, Eldridge Investment Advisors Inc. grew its stake in Eaton Vance Floating Rate ETF by 0.6% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 189,982 shares of the company’s stock valued at $9,399,000 after buying an additional 1,102 shares during the last quarter.

Eaton Vance Floating Rate ETF Company Profile

The Eaton Vance Floating-Rate ETF (EVLN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking high current income by holding sub-investment grade floating-rate loans and corporate debts issued globally. EVLN was launched on Feb 6, 2024 and is issued by Eaton Vance.